In high current power supply rectifier circuits this could be the case, but don’t believe they use them in the MED being the fact that it can get +12V DC from the vehicle’s battery (I don’t have, nor have I seen schematics of the MED) so I’m guessing that there wouldn’t be any such circuits.Replacing caps is a good idea. However, if the caps have already blown, there’s a high probably that other elements have been damaged(any ASIC/TTL chips, etc). However, since those caps are super cheap, it’s the best first step to fix/triage any issues and a great preventive maintenance measure.
With that said, I would suspect caps that are “leaky” and that don’t oppose a change in current as fast or consistent as they use to. TTL/FET components will not likely fail due this, but are more likely not have the +VCC levels to maintain a consistent or biased output to perform their function.